Viscount Mining Announces Progress of Work Program at Cherry Creek Property in Nevada
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PRESS RELEASE April 14, 2021
Viscount Mining Announces Progress of Work Program at Cherry
Creek Property in Nevada
VANCOUVER, Canada – - Viscount Mining Corp. (TSX -V: VML) ( OTCQB: VLMGF) (“Viscount”
or “the Company”) is pleased to announce the 2021 work program is in full swing on the 100% controlled
Cherry Creek Project in eastern White Pine County, Nevada. Partner C enterra Gold Inc. (Centerra) deployed
a geological crew on the project in January to initially to collect geochemical samples on target areas generated
from previous work on the property as well as new target concepts developed by Centerra. The program has
grown over time to include the following activities:
1) Rock geochemical sampling (380 samples to date).
2) Soil geochemical sampling (455 Samples to date).
3) Geological mapping, initially focused on the past producing Star and Exchequer areas.
4) IP survey (30 line km).
5) Aeromagnetic survey started . 850 to 1000 line km anticipated to be flown and completed in April
2021.
Much of this work is ongoing at this time.
In or der to move quickly to a drilling phase, the company has engaged the services of Environmental
Management Strategies of Reno, Nevada to provide permitting services for the project.
Results for this ongoing work are starting to come in and will be reported once complete.
Qualified Persons
This News Release was prepared by M.J. Abrams; BS and MS Geology, CPG #11451; Idaho PG #570;
California PG#4138; Oregon RG#938. M.J. Abrams is a Qualified Person as defined by NI 43-101. The
scientific and technical disclosure included in this news release was reviewed and approved by Harald
Hoegberg PG, an independent consulting geologist who is a "Qualified Person" (QP) as such term is defined
under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)
Viscount Mining is a project generator and an exploration company with a portfolio of silver and gold
properties in the Western United States, including Silver Cliff in Colorado and Cherry Creek in Nevada.
The Silver Cliff property in Colorado lies within the historic Hardscrabble Silver District in the Wet
Mountain Valley, Custer County, south-central Colorado. It is located 44 miles WSW of Pueblo, Colorado,
and has year-around access by paved road. The property consists of 2,319.48 hectares where high grade
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silver, gold and base metal production came from numerous mines during the period 1878 to the early
1900’s. The property underwent substantial exploration between 1967 and 1984.
The property is interpreted to encompass a portion of a large caldera and highly altered sequence of tertiary
rhyolitic flows and fragmental units which offers potential to host deposits with both precious and base
metals. This has been demonstrated in the mineralization historically extracted from the numerous
underground and surface mining operations. Drilling in the 1980s by Tenneco resulted in a historical pre-
feasibility study on which basis it was planned to bring the property to production. The plan was abandoned
following a takeover by another company.
The Cherry Creek exploration property is in an area commonly known as the Cherry Creek Mining District,
located approximately 50 miles north of the town of Ely, White Pine County, Nevada. Cherry Creek consists of
293 unpatented and patented claims as well as mill rights and is comprised of more than 2,442 hectares. Cherry
Creek includes more than 20 past producing mines. In January 2021, Viscount entered into an exploration earn
- in agreement with a wholly owned subsidiary of Centerra Gold Inc. Centerra is a Canadian-based gold mining
company focused on operating, developing, exploring and acquiring gold properties in North America, Asia
and other markets worldwide and is one of the largest Western-based gold producers in Central Asia.
For additional information regarding the above noted property and other corporate information, please
visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim MacKenzie”
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 1 844 863 3622
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes certain statements that may be deemed “ forward-looking statements” within the meaning of
applicable Canadian securities legislation. Forward -looking statements include, but are not limited to, statements with
respect to Viscount Mining’s operations, exploration and development plans, expansion plans, estimates, expectations,
forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking
statements with respect to the Offering , the receipt of required approvals, the timing of thereof and the amount and use
of proceeds therefrom. Generally, forward-looking statements can be identified by the forward-looking terminology such
as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “projects”, “intends”,
“anticipates”, or “does not anticipate”, or “believes”, or “variations of such words and phrases or state that certain
actions, events or results “may”, “can”, “could”, “would”, “might”, or “will” be taken”, “occur” or “be achieved”.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Viscount Mining to be materially different from those
expressed or imp lied by such forward -looking statements, including but not limited to: risks related to the exploration
and development and operation of Viscount Mining’s projects, the actual results of current exploration, development
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activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future
precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in
Viscount Mining’s required securities filings on SEDAR. Although Viscount Mining has attempted to identify important
factors that could cause results to differ materially from those contained in forward -looking statements, there may be
other factors that cause results to be materially different from tho se anticipated, described, estimated, assessed or
intended.
There can be no assurance that any forward -looking statements will prove accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingl y, readers should not place undue reliance
on forward-looking statements. Viscount Mining does not undertake to update any forward -looking statements that are
incorporated by reference herein, except in accordance with applicable securities laws.
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF
THIS PRESS RELEASE. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.